Exhibit 21.1
SUBSIDIARIES OF AYTU BIOPHARMA, INC.
| Name of Subsidiary | State Jurisdiction |
| | |
1. | Aytu Therapeutics, LLC | Delaware |
2. | Innovus Pharmaceuticals, Inc. | Nevada |
3. | Semprae Laboratories, Inc | Delaware |
4. | Supplement Hunt, Inc. | Nevada |
5. | Delta Prime Savings Club, Inc | Nevada |
6. | Neos Therapeutics, Inc. | Delaware |
7. | Neos Therapeutics Brands, LLC | Delaware |
8. | Neos Therapeutics, LP | Texas |
9. | PharmaFab Texas, LLC | Texas |